FINRA BrokerCheck shows a settled customer complaint with a damage request of $265,000.00 on May 15, 2020.

Financial Advisors providing advice to retail investors are required to adhere to the SEC’s Regulation Best Interest (Reg BI).  Reg BI applies a ‘best interest’ standard for broker-dealers and their associated people. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. Reg BI applies when brokers recommend a retail investor engage in securities transaction or an investment strategy involving one or more securities.  Reg BI also applies to financial advice concerning the transfer of funds and opening of accounts.

FINRA BrokerCheck shows a settled customer complaint on May 14, 2020.

Client alleged, inter alia, unauthorized trading with respect to mutual fund investments – January 2020 to May 2020.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $15,000.00 on May 15, 2020.

Failure to execute trade

FINRA BrokerCheck shows a settled customer complaint on May 18, 2020.

Verbal complaint was initially received on 1/13/2020, however, it did not meet our criteria for re-portability and is only being reported now due to the settlement of $17,229.58.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $1,575,881.00 on May 15, 2020.

Claimants allege an unsuitable investment strategy in alternative investments beginning in 2014 and continuing to 2016.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $475,000.00 on May 15, 2020.

Claimant alleges that in connection with an annuity surrender in or about December 2015 and subsequent investments the respondent breached its fiduciary duty, made unsuitable recommendations, committed fraud and/or was negligent, respondeat superior and failure to supervise, negligent supervision, failure to protect claimant’s assets, breach of contract, and violation of industry rules.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $265,000.00 on May 15, 2020.

Financial Advisors providing advice to retail investors are required to adhere to the SEC’s Regulation Best Interest (Reg BI).  Reg BI applies a ‘best interest’ standard for broker-dealers and their associated people. This Reg BI standard of care applies to registered representatives making recommendations to customers in the purchase, sale, or exchange of securities or the implementation of investment strategies involving securities and non-securities. The rule also applies to the handling of opening accounts such as account transfers and types of accounts being recommended to be opened. This standard applies when brokers make recommendations to retail customer for any securities transaction or investment strategy involving securities, including recommendations of types of accounts.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $250,000.00 on May 19, 2020.

Unsuitable, illiquid products

FINRA BrokerCheck shows a settled customer complaint on May 16, 2020.

Customer alleged that investment in etf’s was based on inaccurate and misleading information, that losses of over $18,000 had resulted, and requested reimbursement. Activity period – 11/15/19 to 4/6/20.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on May 18, 2020.

Time Frame: 2013-2015. Allegations include unsuitable use of margin and poor performance.